What Are We Recovering From?

January 2, 2012 § Leave a comment

“The wealth that was lost in the crash of 2008 never actually existed. That’s why the crash fundamentally doesn’t matter.

The U.S. isn’t recovering from the bust, it’s recovering from the boom. Fear-mongers and ponzi-schemers joined forces to distract a nation for a debilitating decade.

Remember the Black Friday financial panic of 1869? Happened the same year the Transcontinental Railroad was completed. Which do we remember? There’s a reason.”

Philip Auerswald

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

What’s this?

You are currently reading What Are We Recovering From? at Casper ter Kuile.

meta

%d bloggers like this: